Abolishing stamp duty for first home buyers

Stamp duty has been abolished for all first home buyers building or buying a new home.

The First Home Owner grant has also been extended to all eligible first home buyers.

As a result of these measures, a first home buyer who enters into a contract to purchase a new home valued at $750,000 on or after 6 June 2024 could receive relief of up to $50,000.

First home buyers building a home may also be able to save thousands with a 2 per cent deposit home loan available through HomeStart.

Affordable housing

One of the key programs delivering more affordable homes is the State Government funded Affordable Housing Initiative. This will allow for more affordable homes to be built across Adelaide and make them exclusively available for eligible low-to-middle income households to purchase.

All the homes delivered through the initiative will be listed for sale on the HomeSeeker SA website and will be sold at a fixed price to eligible households.

HomeSeeker SA website

HomeSeeker SA

HomeSeeker SA is designed to  help more South Australians buy an affordable home or learn more about finding an affordable property to rent. The HomeSeeker SA website features easy to follow information about buying and renting a home, along with listings of affordable homes for sale.

To be eligible to purchase a fixed-price affordable home through HomeSeeker SA, you can now earn up to $110k as a single or $140k as a couple or family.

HomeSeeker SA website

Public housing

Public housing programs and projects which are in progress include:

  • Public Housing Improvement Program (PHIP) delivering new or modernising and upgrading existing homes in Adelaide and regional South Australia to support people experiencing homelessness.
  • Urban and asset renewal enabling the redevelopment of aged South Australian trust properties, making room for modern, more suitable family homes.
  • Building of additional new homes under other South Australian Housing Trust program, with investment made under the Better Neighbourhood Program, New Build Program and State Owned and Managed Indigenous Housing Program.

Affordability news

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